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Is Jumia losing Nigeria market to Konga?

Jumia just sacked about 300 staff and that is really no good news to many people who have been following the trend in e-commerce business in Nigeria. Rocket Internet the major investor behind Jumia have not issued a statement on the future of it business in Nigeria.

But Gistmaster gathered that Jumia's office in Zambia is shut and out of business.Felicia Omari-Ochelle, writing for Venture Africa noted that despite the huge investor fund,Jumia is yet to declare profit in Nigeria.
If Jumia sacks 30 per cent of it workforce in Nigeria. What does that mean? Do i hear you say Konga, it major competitor led by Sim Shagaya is winning? Well, Konga carried out it own mass sack in the past.